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Conditions subsequent during fund raise [Whiteboard Friday]

Conditions subsequent (popularly known as CS) is a list of activities that investor requires a startup to complete immediately after they put in the money. This includes things like allotting shares to investors, appointing them as director and many more activities derived from the findings during investor due diligence. The current episode of eLagaan Whiteboard Friday looks at this list and what’s their impact is, and  how to plan for it so that committed tasks are done on ti...
Tags: Business, Funding, Startup, SHA, Startup Resources, NextBigWhat, Legal Resources, eLagaan


Demand Sage raises $3M to make sales and marketing data more accessible

Demand Sage, a new startup from the founders of recently-acquired mobile analytics company Localytics, announced this morning that it has raised $3 million in seed funding led by Eniac Ventures and Underscore VC. When I spoke to CEO Raj Aggarwal, CTO Henry Cipolla and CPO Randy Dailey back in February, they outlined a vision to make it easier for marketers to get the data and insights they need, initially by automatically generating Google Sheets reports using data from HubSpot. More recently, D...
Tags: Google, Fundings & Exits, Startups, Advertising Tech, Funding, Tech, Eniac Ventures, Localytics, Google Sheets, Aggarwal, Randy Dailey, Demand Sage, Raj Aggarwal CTO Henry Cipolla


Amazon-backed Indian insurtech startup Acko raises $60 million

A young Indian startup that is taking on the country’s antiquated insurance industry with a digital-first product — and which has already received backing from global giant Amazon — today announced a new financing round. Bangalore-based Acko said on Tuesday it has raised $60 million in its Series D financing round. Germany-based Munich Re, one of the world’s largest reinsurers, led the financing round, while existing investors Amazon, RPS Ventures and Intact Ventures, corporate venture arm of...
Tags: Amazon, Apps, Asia, Finance, Germany, India, Funding, Tech, Canada, Bangalore, Vijay Shekhar Sharma, Paytm, Munich Re, ICRA, Paytm India, Varun


Virtual events platform Airmeet raises $12M

Airmeet, a startup that offers a platform to host virtual events, said on Tuesday it has raised $12 million in a new financing round as the Bangalore-headquartered firm demonstrates accelerating growth in its user base. Sequoia Capital India led the $12 million Series A financing round in one-year-old Airmeet. Redpoint Ventures and existing investors Accel India, Venture Highway, Global Founders Capital (GFC), and Gokul Rajaram (Caviar Lead at Doordash) also participated in the round. T...
Tags: Apps, Asia, Funding, Tech, Andreessen Horowitz, Redpoint Ventures, Global Founders Capital, Bangalore, Doordash, Gokul Rajaram, Lalit, Sequoia Capital India, Accel India, Venture Highway, Hopin, Abhishek Mohan VP


Indian fantasy sports app Dream11’s parent firm raises $225M at over $2.5B valuation

Dream Sports, the parent firm of fantasy sports app Dream11, has secured $225 million in a new financing round as the Mumbai-headquartered firm builds what it calls “end-to-end sports tech company” in the cricket-loving world’s second largest internet market. Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures financed $225 million in Dream Sports through primary and secondary investments, the Indian firm said. The new round values Dream Sports at over $2....
Tags: Startups, Apps, Asia, India, Funding, Disney, Sports, Mumbai, Jain, Indian Premier League, TPG, Dream11, Tiger Global Management TPG, Footpath Ventures, TechCrunch Dream11, Facebook Dream11


Toucan raises $3M to teach you new languages as you browse the web

Toucan has developed a Chrome browser extension designed for anyone who wants to learn a new language but hasn’t found the motivation or the time. Once installed, the extension scans the text of any (English-language) website you’re visiting and will automatically translate some of the words into the language that you’re trying to learn. If you mouse over the word, you’ll see original English word. Think of it as a browser-based version of language flashcards. The startup was founded by CEO Tayl...
Tags: Firefox, Fundings & Exits, Startups, Education, Funding, Tech, Duolingo, Headspace, Merritt, Rosetta Stone, Dietz, Nieman, Amplifyher Ventures, GSV Ventures, Toucan, Taylor Nieman CTO Shaun Merritt


Conditions precedent during fund raise [Whiteboard Friday]

Conditions precedent (popularly known as CP) is a list of activities that investor requires a startup to finish before they actually put in the money. Many tasks in this list is derived from the findings during investor due diligence. The current episode of eLagaan Whiteboard Friday looks at this list, what’s their impact is on your fund raise process and how you can try to optimize this list in order to get the investment amount earlier to your bank. Listen to Podcast. For queries: hel...
Tags: Business, Funding, Startup, Startup Resources, NextBigWhat, Legal Resources, eLagaan


Podcast analytics and attribution startup Chartable raises $2.25M

Chartable, a startup known for its authoritative podcast download charts, is announcing that it has raised $2.25 million in seed funding. Founders Dave Zohrob and Harish Agarwal previously worked together at AngelList, and they also created Hacker Daily, a podcast recapping the headlines from Hacker News. Zohrob (Chartable’s CEO) told me that their experience hosting a podcast convinced the pair to create an analytics product. “Podcasting is a weird market,” he said. “One day, our downloads went...
Tags: Fundings & Exits, Startups, Media, Funding, Tech, Alexis Ohanian, App Annie, Initialized Capital, Jim Young, Lukas Biewald, Dave Zohrob, Zohrob, Harish Agarwal, Dave Zohrob He, Naval Ravikant Greycroft Partners


Saving To Help With Your Startup

If you aspire to be a small business owner, but lack the cash necessary to realise your idea, then you might turn to several different means of funding. You might look to friends or family members to lend you the money, or to high-street or online lenders. You might re-mortgage your house. For many would-be entrepreneurs, however, the safest way of finding the money is to save it, little by little, over the course of months and years. Until the business becomes profitable, you’ll be wise to eco...
Tags: Startups, Saving, Funding, Others, Startup Advice


Groww, an investment app for millennials in India, raises $30M led by YC Continuity

Even as more than 150 million people are using digital payment apps each month in India, only about 20 million of them invest in mutual funds and stocks. A startup that is attempting to change that by courting millennials has just received a big backing. Bangalore-headquartered Groww said on Thursday it had raised $30 million in its Series C financing round. YC Continuity, the growth-stage investment fund of Y Combinator, led the round, while existing investors Sequoia India, Ribbit Capital and ...
Tags: Amazon, Startups, Apps, Asia, Finance, India, Funding, Tech, Sequoia Capital, Flipkart, Bangalore, Yc, Anu Hariharan, Sequoia Capital India, Ashish Agrawal, Recent Funding


B2B marketing company Metadata.io raises $6.5M

Metadata.io announced today that it has raised $6.5 million in Series A funding. It’s been more than four years since I wrote about the startup’s $2 million seed funding. At the time, co-founder and CEO Gil Allouche described the product as helping business-to-business marketers target their ads as people who resemble their existing sales leads. Since then, the company has launched its product in general availability, and Allouche told me yesterday that it’s become “really the middleware for the...
Tags: Fundings & Exits, Startups, Enterprise, Advertising Tech, Funding, Tech, Don Draper, Resolute Ventures, Metadata, Organ, Facebook LinkedIn, Vonage, Allouche, Gil Allouche, Zoom Drift Pendo Udacity, Greycroft York IE Stormbreakers Eloqua


Xometry raises $75M Series E to expand custom manufacturing marketplace

When companies need to find manufacturers to build custom parts, it’s not always an easy process, especially during a pandemic. Xometry, a 7-year old startup based in Maryland has built an online marketplace where companies can find manufacturers across the world with excess capacity to build whatever they need. Today, the company announced a $75 million Series E investment to keep expanding the platform. T. Rowe Price Associates led the investment with participation from new firms Durable Capit...
Tags: Startups, TC, Cloud, Enterprise, Maryland, Funding, Tech, Artificial Intelligence, United States, Manufacturing, PPP, T.rowe Price, Company, Xometry, T Rowe Price Associates, Recent Funding


Snyk bags another $200M at $2.6B valuation 9 months after last raise

When we last reported on Snyk in January, eons ago in COVID time, the company announced $150 million investment on a valuation of over $1 billion. Today, barely nine months later, it announced another $200 million and its valuation has expanded to $2.6 billion. The company is obviously drawing some serious investor attention and even a pandemic is not diminishing that interest. Addition led today’s round, bringing the total raised to $450 million with $350 million coming this year alone. Snyk ...
Tags: Security, Startups, TC, Cloud, Enterprise, Developer, Funding, Tech, Containerization, Vmware, Developer Tools, McKay, Peter McKay, Cloud Native, Snyk, Recent Funding


Sprinklr raises $200M on $2.7B valuation four years after last investment

Sprinklr has been busy the last few years acquiring a dozen companies, then rewriting their code base and incorporating them into the company’s customer experience platform. Today, the late-stage startup went back to the fund raising well for the first time in four years, and it was a doozy, raising $200 million on a $2.7 billion valuation. The money came from private equity firm Hellman & Friedman, who also invested $300 million in buying back secondary shares. Meanwhile the company also announ...
Tags: Startups, Cloud, Enterprise, Funding, Tech, Private Equity, Salesforce, Customer Experience Management, Sprinklr, Thomas, ARR, Wasim, Temasek Holdings, Hellman Friedman, Ragy Thomas, CXM


Sprinklr raises $200M on $2.7B valuation three years after last investment

Sprinklr has been busy the last few years acquiring a dozen companies, then rewriting their code base and incorporating them into the company’s customer experience platform. Today, the late-stage startup went back to the fund raising well for the first time in three years, and it was a doozy, raising $200 million on a $2.7 billion valuation. The money came from private equity firm Hellman & Friedman, who also invested $300 million in buying back secondary shares. Meanwhile the company also annou...
Tags: Startups, Cloud, Enterprise, Funding, Tech, Private Equity, Salesforce, Customer Experience Management, Sprinklr, Thomas, ARR, Wasim, Temasek Holdings, Hellman Friedman, Ragy Thomas, CXM


Silver Lake invests Rs 7,500 crore in Reliance Retail

American private equity firm Silver Lake will invest ₹7,500 crore in Reliance Retail (US$1.01 billion), the latter said on Wednesday. This is Silver Lake’s second big investment into Reliance, after its US$1.35 billion (₹10,202.55 crore) investment into Jio Platforms. This also comes barely one day after Silver Lake also invested in the ed-tech company Byju’s. With this investment, Reliance Retail may begin its own marathon run of investments over the coming days, like Jio Platforms — just this ...
Tags: Travel, News, Funding, Silver Lake, Reliance, Reliance Industries, Reliance Retail, Future Group, Jio Platforms, Reliance Retail US, New Commerce


Ambani’s Reliance Retail to raise $1 billion from Silver Lake

Indian billionaire Mukesh Ambani’s retail business Reliance Retail said on Wednesday it will raise $1.02 billion from Silver Lake, kickstarting a fundraising spree months after its sister venture Jio Platforms raised $20 billion. The investment in Reliance Retail will grant Silver Lake a 1.75% equity stake in India’s largest retail chain. The deal values Reliance Retail at $57 billion pre-money, its parent firm Reliance Industries said in a statement. Reliance Retail, which last month acqu...
Tags: Asia, India, Funding, Tech, Silver Lake, Indian Retail, Reliance, Reliance Jio, Menlo Park, Reliance Industries, Reliance Retail, Mukesh Ambani, Ambani, Jio Platforms, Ambani India, Jio Platforms and Reliance Retail


Silver Lake invests in edtech company Byju’s

Online learning platform Byju’s has raised funds from US-based private equity firm Silver Lake, along with existing investors including Tiger Global, General Atlantic and Owl Ventures, the company said in a statement on Tuesday. While the company didn’t specify the amount, it is believed to be $500 million, according to multiple reports. Before this, Silver Lake had invested $1.35 billion in Jio Platforms. It has also invested in Airbnb, Alibaba, Ant Financial, Alphabet’s Verily and Waymo unit...
Tags: Travel, News, Education, India, Funding, US, Atlantic, Tencent, Mumbai, Bond, General Atlantic, DST Global, Silver Lake, Owl Ventures, Byju, Dell Technologies


Silver Lake leads $500 million investment round in Indian online learning giant Byju’s

Byju’s has raised $500 million in a new financing round that values the Indian online learning platform at $10.8 billion, a source familiar with the matter told TechCrunch. The round was led by Menlo Park-headquartered PE firm Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated in it, India’s second most valuable startup Byju’s said in a statement, but declined to reveal the size of the round and its valuation. “We are excited to welco...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, Tiger Global, New Delhi, Bond, General Atlantic, Mary Meeker, Silver Lake, TechCrunch, Reliance Jio


Silver Lake leads $500 million round in India’s Byju’s

Byju’s has raised $500 million in a new financing round that values the Indian online learning platform at $10.8 billion, a source familiar with the matter told TechCrunch. The round is led by Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated in it, India’s second most valuable startup Byju’s said in a statement, but declined to reveal the size of the round and its valuation. “We are excited to welcome a strong partner like Silver Lake to ...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, New Delhi, Bond, Mary Meeker, Silver Lake, TechCrunch, Owl Ventures, Byju, Greg Mondre


A Utah company just raised $40 million for commercial production of robotic exoskeletons that help wearers lift up to 200 pounds

Guardian XO. Sarcos Robotics Sarcos Robotics just raised $40 million in a Series C funding round. Sarcos Robotics makes robots designed to increase human productivity and safety in industrial settings. The money will be used to scale up production of the Guardian XO, a robotic exoskeleton. Visit Business Insider's homepage for more stories. Sarcos Robotics raised an additional $40 million in a Series C funding round, which it will use to scale up production on its robotic exoskeleton, the ...
Tags: Wearables, Utah, Funding, Trends, Tech, Features, Venture Capital, Manufacturing, Robotics, Crunchbase, Salt Lake City Utah, Tech Insider, Sarcos Robotics, Mary Meisenzahl, Ben Wolff, CYTAR


Qualcomm-powered Chinese XR startup Nreal raises $40 million

Nreal, one of the most-watched mixed reality startups in China, just secured $40 million from a group of high-profile investors in a Series B round that could potentially bring more adoption to its . Kuaishou, the archrival to TikTok’s Chinese version Douyin, led the round, marking yet another video platform to establish links with Nreal following existing investor iQiyi, China’s own Netflix. Like other major video streaming sites around the world, Kuaishou and iQiyi have dabbled in making augm...
Tags: Gadgets, Asia, China, Funding, Tech, Xiaomi, Lg, Magic Leap, Qualcomm, Kddi, Shunwei Capital, Hillhouse Capital, Sequoia Capital China, China International Capital Corporation, Douyin, Nreal


Sale of shares: How should the founders handle this? [Whiteboard Friday]

Founders may need to sell their shares to 3rd parties (partly or fully) depending on their requirements. Sale of shares is a regulated process agreed with investors and other shareholders of the company. The current episode of eLagaan Whiteboard Friday looks at what steps and proceeses needs to be followed in case founder or any other shareholder is interested in selling their shares to existing shareholders or an independent person or entity. Listen to . For queries: [email protected]
Tags: Business, Funding, Startup, NextBigWhat, Legal Resources, eLagaan


Demodesk snags $8M Series A to continue developing sales demo platform

It is clear that as the pandemic has taken hold in 2020, in-person meetings have gone by the wayside. Yet sales teams still need a way to demo their products for potential customers, particularly SaaS vendors. Enter Demodesk, an early stage startup and Y Combinator Winter 2019 grad, which is building an online sales demo platform. Today the company announced an $8 million Series A led by Balderton Capital with participation from Target Global. The company has now raised a total of $10.3 milli...
Tags: Startups, TC, Cloud, Balderton Capital, Funding, Tech, SaaS, Online Meetings, Sales Tools, Recent Funding, Demodesk, Veronika Riederle, Riederle


India’s Zomato raises $62 million from Temasek

Indian food delivery startup Zomato has raised $62 million from Temasek, resuming a financing round that it originally expected to close in January this year. Singapore’s state investment arm Temasek financed the capital through its unit MacRitchie Investments, a regulatory filing showed. Business intelligence firm Tofler shared the filing with TechCrunch. A Zomato spokesperson in India did not respond to a request for comment Wednesday afternoon. Zomato kickstarted its new financing round ...
Tags: Food, Asia, Singapore, India, Funding, Tech, Alibaba Group, Ant Financial, Zomato, New Delhi, Deepinder Goyal, Temasek, Reuters, Swiggy, Info Edge, MacRitchie Investments


Transposit scores $35M to build data-driven runbooks for faster disaster recovery

Transposit is a company built by engineers to help engineers, and one big way to help them is to get systems up and running faster when things go wrong — as they always will at some point. Transposit has come up with a way to build runbooks for faster disaster recovery, while using data to update them in an automated fashion. Today, the company announced a $35 million Series B investment led by Altimeter Capital with participation from existing investors Sutter Hill Ventures, SignalFire and U...
Tags: Startups, TC, Enterprise, Developer, Funding, Tech, Artificial Intelligence, Machine Learning, Disaster Recovery, Cto, Splunk, Altimeter Capital, Company, Huang, Tina, Tina Huang


India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation

India has a new unicorn startup. On Wednesday, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money). SoftBank Group — through its Vision Fund 2 — led Unacademy’s Series F financing round while existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic and Sequoia Capital participated in it. Unacademy helps students prepare for competitive exams to get into ...
Tags: Facebook, Apps, Asia, Education, India, Softbank, Funding, Tech, Sequoia Capital, New Delhi, Mary Meeker, SoftBank Group, Gaurav Munjal, Byju, Sequoia Capital India, Vision Fund


3one4 Capital launches $100M fund to back early-stage startups in India

3one4 Capital, a venture capital firm in India, today announced a $100 million fund as the young investment firm looks to back more early-stage startups in the world’s second largest internet market. The new fund, third for the five-year-old Bangalore-headquartered investment firm, has already secured $40 million from new and existing investors. 3one4 Capital, which closed its previous fund late last year, now manages over $210 million capital. In the last four years, 3one4 Capital — founded by ...
Tags: Asia, India, Funding, Tech, Venture Capital, Jupiter, Bangalore, Infosys, Pai, Tracxn, Mohandas Pai, Pranav Pai, Pranav, Yulu, Siddarth, Siddarth Pai


Bambuser raises $45M after shifting focus to live video shopping

Bambuser is a name that you may not have heard in a while, but the Stockholm-headquartered company is announcing today that it’s raised $45 million in new funding this year, with $34.5 million of that amount raised during the pandemic. Bambuser’s history goes back more than a decade (the first TechCrunch coverage appeared in 2008). CEO Maryam Ghahremani told me that the founders’ idea — using smartphones to stream live video journalism — made them “very, very much ahead of their time.” Howeve...
Tags: Fundings & Exits, Mobile, Facebook, Ecommerce, New York, Instagram, China, Funding, Tech, United States, Stockholm, Bambuser, Ghahremani, Maryam Ghahremani, Gharemani, Motivi Moda Operandi Frame LUISAVIAROMA


Apple alum’s jobs app for India’s workers secures $8 million

Javed, a middle-aged man, worked as a driver before losing that job earlier this year as coronavirus spread across India, prompting New Delhi to enforce a nationwide lockdown and temporarily curb several business activities. There are millions of people like Javed in India today who have lost their livelihood in recent months. They are low-skilled workers and are currently struggling to secure another job. An Apple alum thinks he can help. Through his app startup Apna, Nirmit Parikh is helping I...
Tags: Apple, Google, Apps, Asia, India, Funding, Tech, New Delhi, Greenoaks Capital, Lightspeed India, HDFC Bank, Javed, Parikh, Sequoia Capital India, Vaibhav Agrawal, Apna Nirmit Parikh